|Sep 15, 2008, 10:03 PM||#1||
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Keeping The Peace
Electronic Arts Abandons Take-Two Acquisition
After all EA cannot control the whole world of gaming.
Electronic Arts has abandoned its bid to acquire Take-Two Interactive. For the past six months Electronic Arts has been attempting to acquire its competitor. In February, Electronic Arts put forward a formal offer to acquire Take-Two Interactive in an all-cash merger valued at approximately $2.0 billion at $26 per share. Take-Two rejected that offer and all subsequent offers claiming the bids undervalued the value of the company. In August, Electronic Arts and Take-Two signed a confidentiality agreement after agreeing to hold private talks about a potential deal.
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Last edited by PeaceKeeper : Sep 15, 2008 at 10:07 PM.
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